Newcastle announce profit

first_imgNewcastle have recorded a profit for the second successive year, the club has revealed. The Magpies have released financial figures for the year ending June 2012 which show that the club made a profit after player amortisation of £1.4million. That is significantly down on the previous year’s level of £32.6million, although that was due largely to the £35million sale of striker Andy Carroll to Liverpool. Newcastle have also re-entered the list of the world’s top 20 revenue-generating clubs after increasing turnover by 5.4 per cent to £93.3million. That figure includes a rise of 14.6 per cent in television income as a result of their fifth-placed Barclays Premier League finish, a figure which is set to be boosted further by the bumper new broadcasting deal. However, while operating costs have remained steady at £21.6million, operating profit fell from £13.3million to £7.5million, and the club’s wage bill rose by 20 per cent to £64.1million as a result of the addition of the likes of Yohan Cabaye, Sylvain Marveaux, Davide Santon, Papiss Cisse and the now departed Demba Ba to Alan Pardew’s squad. That represents an increase in the wages-to-turnover ratio of 8.1 per cent to 68.7 per cent. Although attendances at St James’ Park rose to an average of 49,936 during the period – an increase of 2,190 on the previous year – ticket revenue dropped by seven per cent because of a series of pricing initiatives. Commercial revenue too was down by 12.7 per cent, although the figures do not include the Magpies’ new partnership with Wonga, which they say “represents a significant increase on the club’s previous commercial agreements”. center_img Press Associationlast_img read more

Okore faces nine-month lay-off

first_img Press Association The 21-year-old Denmark international was signed in the summer for a fee in the region of £4million and now faces a long road back. Okore limped from the pitch after half an hour of Villa’s 2-1 defeat by Newcastle on Saturday and was sent for an MRI scan. Manager Paul Lambert feared the worst for his new centre-back and that news was confirmed on Monday evening. A club statement read: “Following clinical examination and the results of an MRI scan, the club can confirm that Jores Okore sustained a ruptured anterior cruciate ligament injury in his right knee in the game against Newcastle on Saturday. “Jores will undergo surgery in due course and he could be sidelined for a period of up to nine months.” Okore’s injury occurred during an apparently innocuous collision with Newcastle striker Loic Remy. center_img Aston Villa defender Jores Okore is out for up to nine months after rupturing the anterior cruciate ligament in his right knee.last_img read more